Raia Drogasil S.A. (OTCMKTS:RADLY) Sees Significant Decline in Short Interest

Raia Drogasil S.A. (OTCMKTS:RADLY) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 15,915 shares, a decline of 61.1% from the December 15th total of 40,911 shares. Based on an average daily volume of 12,125 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 12,125 shares, the days-to-cover ratio is currently 1.3 days.

Raia Drogasil Trading Up 3.3%

Shares of RADLY traded up $0.15 during mid-day trading on Thursday, reaching $4.59. The company had a trading volume of 4,905 shares, compared to its average volume of 6,012. The company’s 50-day moving average is $4.39 and its 200-day moving average is $3.64. Raia Drogasil has a twelve month low of $2.17 and a twelve month high of $4.85.

Raia Drogasil Company Profile

Raia Drogasil SA is a leading Brazilian retail pharmacy operator, offering a comprehensive range of prescription and over-the-counter medications, health and wellness products, personal care and beauty items, as well as a selection of convenience goods. The company’s network of stores operates under the Raia and Drogasil banners, serving diverse consumer needs across major urban centers. Complementary services include in-store prescription dispensing, compounding pharmacies and health screening programs such as blood pressure and glucose monitoring.

The company was formed in 2011 through the merger of two established Brazilian pharmacy chains, Drogasil and Droga Raia, each with origins dating back several decades.